Since January 2026, the US manages all sales of Venezeulan oil. Since then, $13 billion worth has been sold. $300million from a $500m sale of oil worth $2 billion has been disbursed to the Caracas, routed through a Qatari Trust. The money was actually being received in 4 Venezuelan private banks: BNC, Mercantil, Banesco and Provincial. It didn't go to the Venezuelan government. The rest is held by the US Treasury Department as a Black Box Trust. The U.S. government states these funds are held in trust for nation-building, debt repayment, and humanitarian relief, using the money as leverage to influence domestic Venezuelan policy. Foreign minority partners (such as Chevron or Repsol) and designated trading houses are legally permitted to export and sell the crude first. They only deposit the required taxes and royalties into U.S.-managed accounts after taking their profits. As per bilateral arrangements, Venezuela is expected to use the majority of its future direct oil profits exclusively to purchase American-made products. They have no choice in the matter. The US Treasury Department states: Secretary Rubio stated on 29th January that Caracas must submit a “budget request” to access its own oil revenues. Some analysis of the current state of affairs by the CFR: https://www.cfr.org/articles/the-u-s-took-over-venezuelas-oil-industry-where-has-all-the-money-gone The US also controls Venezuelan mineral exports. The article is correct to point out that the US Government is now actively supporting essentially the same Chavista government. Absurd. In Iraq, the US booted out Saddam's government, hanged the criminals, formed a Sovereign Authority, and set up elections for an elected Iraqi government. In the case of the Maduro government, all they really did was get rid of Maduro, and he wasn't the real power broker. The rest of the criminal Caracas government has been subsequently rewarded.
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